🔥 Ethereum Market Update – Eyeing All-Time High 🔥
$ETH is approaching this critical resistance zone with strong momentum.
Potential macro target after breakout: $5,800.
📈 Wave Structure:
Larger count: Wave 1 → Wave 2 → Wave 3 → Wave 4 → Wave 5 in progress.
Ideal Wave 5 target zone: $4,762 – $5,121 (already reached lower bound).
Next key upside target on small time frame: $4,997.
🛡 Support Levels:
Micro support: $4,476 – $4,635.
Macro pullback support: $4,100 – $3,370 (daily chart).
Break below $4,476 could lead to a test of $4,100.
⚠ Outlook:
As long as ETH holds above $4,476, trend remains bullish with scope for new ATH.
Pullback toward $4,100 possible before next leg up.
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